The Department of Finance estimates the value of your property as follows:

Market Value = $536,000 +134,000 $670,000

Actual Assessed Value = $241,200 +60,300 $301,500

Actual Exemption Value = $0 +0 $0

Transitional Assessed Value = $205,020 +27,000 $232,020

Transitional Exemption Value = $0 +0 $0

Taxable Value = $205,020 +27,000 $232,020

Market Value: Finance estimates your market value in one of three ways - based on recent comparable
sales; the income that your property generates; or the cost of constructing your property.

Assessed Value: Finance multiplied your property's market value by an assessment ratio of 45%
in order to determine the assessed value. However, in some cases, this assessed value may be lower than the
assessment ratio percentage because of legal limitations.

Exemption Value: Is the value of any exemptions currently on Finance's records.

Taxable Value: Is equal to the assessed value less any applicable exemptions.

Exemption(s): Describes the exemptions that you are currently entitled to according to Finance's records.

If you wish to challenge these values, you must apply to the Tax Commission by March 1, 2007.